Latin America Mining News

Sierra Metals one step closer to expanding Yauricocha mine in Peru

Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.

BMO: Silvercrest Metals could be ‘takeover candidate’

SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”

Brazil's Vale resumes operations at Espírito Santo port terminal -filing

The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea.

BHP's board approves funding for BP-led U.S. oil project

The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.

'Let's make Vale private again,' but just not yet

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

Peru environmental watchdog rules out tailings spill at Southern Copper mine

Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.

Colombia coal output likely to hold steady in 2019, companies say

The Andean nation is the world's fifth-largest exporter of coal.

China's iron ore futures extend pullback amid supply speculation

"I think this is just a natural volatility after such a big supply shock"

Hochschild Mining halts Peruvian mine on low silver prices

The company said that any potential restart would be dependent on market conditions.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."

Livent to export Chinese lithium in 2019 due to subsidy uncertainty

The action will increase Livent's sale taxes in China but give it greater access to growing markets for lithium in Japan, South Korea and elsewhere.

Nickel rally fades, electric vehicle buzz doesn't

Was it another false dawn for the nickel market?

Inside the global iron ore crisis: What's next in four charts

Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.

Iron ore futures tumble in Singapore as Vale-driven rally frays

Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.

Brazil miner Vale knew deadly dam had heightened risk of collapse

We used to say these kinds of mining incidents were acts of God, but now ... we consider them failures in engineering.

Southern Copper reports $293.2m in Q4 net income

The companies 112 percent rise in net income in all of 2018 was due mainly to higher sales and lower taxes.

Grupo Mexico net profit falls by a third in Q4

The company reported $2.567 billion in revenues for the fourth quarter, down slightly from a year earlier.

Livent swings to quarterly profit on rising lithium demand

The company, which produces lithium in Argentina, posted net income of $25.9 million, or 18 cents per share.

Fura promotes transparency in coloured gem industry

Fura Gems has launched the Provenance Proof Blockchain designed to promote transparency in the coloured gemstones industry.

As Maduro digs in, his aides hunt for emergency escape route

Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?

SNC-Lavalin issues new profit warning on Latin America mining contract

SNC didn’t identify the project but analysts are pointing the finger at a copper mine run by Codelco, Chile’s state-owned producer.

Peruvian authorities looking into possible tailings dam spill at Southern Copper’s Cuajone mine

The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.